aircraft engine technology, which can save more fuel. In particular, the impact of the increase in excise tax rates on domestic aviation fuel. Domestic airlines have reduced their fuel reserves on each

do not support future activities regarding (1) wholesale and retailing activities (2) domestic and oversea trading activities and (3) broker and agent activities, of chemical products by adding another

driven by improving domestic economic conditions, bouyant exports and the tourism sector. The market expects private consumption to have expanded, with higher spending on durable goods – particularly

Thailand and NESDB, overall Thai economy in 2018 expanded by 4.1%, higher than 4.0% growth in 2017. This was mainly from acceleration of private consumption and investment, as well as improving domestic

is likely leaving its mark on the Thai economy. Private consumption growth moderated noticeably in Q1 while private investment fell, reflecting dampening domestic demand. Manufacturing output

construction. 2 The Company and its subsidiaries’ revenue from the sales of goods are mostly revenue from domestic sales. For the year ended 31st March 2019, the Company and its subsidiaries had revenue from

domestic demand continued to expand driven mainly by improving of agricultural sector and government measures to support low-income households. As of May 31, 2019, the Company’s total cards reached 8.63

services and in this year, the Company has increased consultant fee for 2.24 million baht from providing consulting services on domestic transportation operation and received dividend income from associated

and we are seeing some volumes repatriated on the Thai market increasing domestic competition. Golden Lime Public Company Limited 4 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 JUNE 2019 3

, MACO has proven its solid domestic credentials with a total network of over 2,000 locations nationwide, and is now well- positioned to capture the growing demand for outdoor advertising in Thailand